Duplex Deal Analysis

[Joel Adams]

All, 

I realize that all deals are relative based on goals, financial situations, and market value. With that said, I am a rookie investor and want to make sure I do my due diligence before purchasing. 

Goal: obtain 10k/month in passive income through cash flow on multi family units. Allowing flexibility later in life (I'm 28 now)

background: Own triplex in SD...decent cash flow. Also, I work in an industry that requires me to move from time to time. 

Deal: 

200k Duplex 

2/1 rents for $1,250 (rented for another year)

1/1  rents for $750 (rented for another year) 

Potential cash flow: $700/month

Market: Fort Lauderdale, FL 

I would us FHA financing. The owner is also my realtor.

Let me know what steps you guys would take to make sure this is a fair deal or, if you happened to know the market, would love some insight as well. 

Thanks, 

Joel